 | Herman E. Daly - Business & Economics - 1994 - 548 pages
...Ricardo saw capital as congealed or stored-up labor (Haney 1949, pp. 294-95). Rent, according to Ricardo, is "that portion of the produce of the earth which...landlord for the use of the original and indestructible powers of the soil." It "invariably proceeds from the employment of an additional quantity of labour... | |
 | John Cunningham Wood - Business & Economics - 1994 - 416 pages
...Smith, Ricardo excluded rent as a determinant of the value or price of a commodity. He defined rent as that "portion of the produce of the earth which is...landlord for the use of the original and indestructible powers of the soil" (Ricardo, 1963, p. 29). The significant pillars of Ricardo's theory of rent are... | |
 | Bernard Shaw, Dan H. Laurence - Literary Criticism - 1996 - 264 pages
...in cultivation. 17 This is of course not a definition of rent, which Ricardo accurately defined as "that portion of the produce of the earth which is...landlord for the use of the original and indestructible powers of the soil". Proudhon now indulges in a diabolical juggle with the words "law" and "right",... | |
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Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil. 
